‘Tis the Season to Buy Property, Says Seeff

With the interest rate down by 50 basis points, and the economy set for improvement in the new year despite the set-back this quarter, it is a great time to buy property, says Samuel Seeff, chairman of the Seeff Property Group.

Positive Property Market Outlook for 2025

The property market outlook for 2025 is positive, with expectations of more interest rate cuts early in the year if inflation remains below the Reserve Bank’s target range. Sales volumes are predicted to rise, along with property prices.

Opportunity in Flat Trading Conditions

Over the past two years, flat trading conditions and rising stock levels have been prevalent in many inland areas outside the Western Cape. Prices in these regions have remained stagnant, providing buyers with an opportunity to secure a good deal.

Why Now Is the Time to Buy

The current lower interest rate has made home loans more affordable, making it an excellent time to buy property. Waiting for further interest rate cuts may lead to higher prices, as the market is expected to rerate in 2025.

Scenario 1: Growth in High Stock Areas

Regions with subdued growth and high stock levels are expected to see increased sales volumes. As stock levels decrease, prices will start to rise, making now the ideal time for buyers to act.

Scenario 2: Accelerated Growth in Active Markets

Areas like the Western Cape, which have experienced steady price growth, are likely to see even faster growth rates of up to 15%-20% in 2025. Buyers should consider entering these markets before the tempo picks up further.

Take Advantage of the Current Market

Seeff highlights the importance of buying low to maximize long-term financial gains. Current market conditions present a rare opportunity to invest at the bottom of the property cycle, especially in inland areas, the Eastern Cape, and parts of KZN.

Property remains a long-term investment and a powerful wealth creator. Entering the market while prices are flat ensures a strong starting point for potential future gains as the market recovers.